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Tuesday, October 1, 2013

General Economics

News                                                                                                                             
CNN Money | Shutdown: What happens next
Congress failed to pass a funding bill on Monday night. And so began a series of complex procedures to power down the federal government.
Bloomberg | U.S. ISM Manufacturing Index Rose in September
Manufacturing expanded in September at a faster pace than forecast, indicating U.S. factories will provide a bigger boost to the expansion.
Washington Times | Short-term shutdown would pose little threat to national economy
The U.S. economy is likely to take a brief government shutdown lasting a day or two in stride, but the longer it goes on, the harder it will hit.

Econ Comments & Analysis                                                                                            
Real Clear Markets | The GOP Should Aggressively Seek Credit For the Shutdown
The Republican Party didn't blink, and as a result non-essential aspects of the federal government are soon to be shut down. Republican politicians and members of the Party should cheer, as the ‘stupid' Party actually revealed a political and economic savvy that will serve it well in 2014 and beyond.
Fortune | How long will the shutdown last?
If our history of government shutdowns is any indication, this one probably won't last more than six or seven days. And investors shouldn't worry too much.
WSJ | Millennials Face Uphill Climb
The on-ramp to adulthood is delayed and harder to reach for young people today, a reality that is changing the country's society and economy, according to a new report.
The Nation | Government Shutdown Will Hit Federal Workers, Poor Americans - See more at: http://www.thenation.com/blog/176427/government-shutdown-will-hit-federal-workers-poor-americans#sthash.9N2qpKwM.dpuf
Shortly after 2 pm today the Senate stripped several of the House GOP’s amendments from a short-term funding bill and sent the legislation back, making it all but certain that a partial government shutdown will occur at midnight. - See more at: http://www.thenation.com/blog/176427/government-shutdown-will-hit-federal-workers-poor-americans#sthash.9N2qpKwM.dpuf

Blogs                                                                                                                             
Market Watch | Home builders at risk from government shutdown, analyst says
If the federal government’s shutdown is prolonged, home builders that generate much of their business from entry-level buyers such as first-time purchasers face the most risk, according to an analyst note.
CATO | Thoughts on the Government Shutdown
All eyes are on the government shutdown battle over Obamacare. Here are a few thoughts